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Nonprofiteer
← BROOKLYN YOUTH SPORTS CLUB INC

Form 990 for tax year 2024

Filed by BROOKLYN YOUTH SPORTS CLUB INC.

Totals

Total revenue
$823,778
Total expenses
$715,359
Contributions and grants received
$808,354
Grants paid
$527
Program service revenue
$15,424
Investment income
$0
Other revenue
$0
Total assets, end of year
$607,901
Total liabilities, end of year
$657,365
Net assets or fund balances, end of year
-$49,464
Program services expenses (Part IX)
$540,485
Management and general expenses
$142,975
Fundraising expenses
$31,899
Program service expenses (Part III)
$540,485

Program services were 75.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $129,386

  • 1e · Government grants (contributions)

    $29,000

  • 1f · All other contributions, gifts and grants

    $649,968

  • 2a · Program service revenue: BKYSC SUMMER ACADEMY

    total $15,424 · related or exempt $15,424

  • 8a · Fundraising events: gross income

    $27,958

  • 8a · Fundraising events: contributions included on line 1c

    $129,386

  • 8b · Fundraising events: direct expenses

    $27,958

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $527 · program services $527

  • 5 · Compensation of officers, directors and key employees

    total $72,000 · program services $46,080 · management and general $20,160 · fundraising $5,760

  • 7 · Other salaries and wages

    total $254,344 · program services $162,780 · management and general $71,216 · fundraising $20,348

  • 10 · Payroll taxes

    total $33,994 · program services $21,756 · management and general $9,519 · fundraising $2,719

  • 11c · Fees: accounting

    total $11,500 · management and general $11,500

  • 11g · Fees: other

    total $58,170 · program services $58,170

  • 12 · Advertising and promotion

    total $3,614 · management and general $3,614

  • 13 · Office expenses

    total $6,506 · program services $2,635 · management and general $3,871

  • 16 · Occupancy

    total $160,015 · program services $158,824 · management and general $1,191

  • 17 · Travel

    total $282 · program services $282

  • 20 · Interest

    total $10,990 · management and general $10,990

  • 23 · Insurance

    total $19,500 · program services $9,750 · management and general $9,750

  • 24a · Other expenses: PROGRAM EXPENSES OTHER

    total $73,423 · program services $73,423

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $3,544 · program services $3,544

  • 24c · Other expenses: EVENT COSTS - OTHER

    total $3,072 · fundraising $3,072

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $2,714 · program services $2,714

  • 24e · All other expenses

    total $1,164 · management and general $1,164

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,252 · end of year $334,347

  • 2 · Savings and temporary cash investments

    end of year $100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $155,000 · end of year $70,000

  • 10a · Land, buildings and equipment: cost or other basis

    $142,354

  • 10b · Land, buildings and equipment: accumulated depreciation

    $53,018

  • 10c · Land, buildings and equipment, net

    beginning of year $95,668 · end of year $89,336

  • 11 · Investments: publicly traded securities

    beginning of year $10,009

  • 15 · Other assets

    beginning of year $114,118 · end of year $114,118

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,613 · end of year $22,478

  • 25 · Other liabilities

    beginning of year $642,317 · end of year $634,887

  • 27 · Net assets without donor restrictions

    beginning of year -$157,883 · end of year -$49,464

Mission and programs · 2024

Mission

THE PURPOSE OF THE ORGANIZATION IS TO BUILD AN ENRICHING EDUCATIONAL SETTING FOR UNDER-SERVED BROOKLYN YOUTH, USING ATHLETICS AS A VEHICLE TO INSPIRE THEM TO FULFILL THEIR ACADEMIC, PHYSICAL, AND PERSONAL POTENTIAL. BKYSC IS DRIVEN BY AN ETHICAL IMPERATIVE TO INSTILL VALUES OF INTEGRITY, PERSEVERANCE, SELF-ESTEEM, AND HARD WORK TO EMPOWER STUDENT-ATHLETES TO BE LEADERS IN SCHOOL, ON THE COURT AND IN THE COMMUNITY.

Activities or mission (Part I)

BKYSC ASSIST BROOKLYN YOUTH IN THEIR PURSUIT OF COLLEGE ENROLLMENT USING BASKETBALL AS THE HOOK FOR ACADEMIC ENGAGEMENT AND CHARACTER DEVELOPMENT BY COMBINING INTENSIVE BASKETBALL PROGRAMMING AND RIGOROUS ACADEMIC SUPPORT. BKYSC BUILDS AN ENRICHING EDUCATIONAL SETTING THAT EMPOWERS YOUTH TO FULFILL THEIR ACADEMIC, AND PERSONAL POTENTIAL.

  • THE ORGANIZATION'S MAIN PROGRAM IS BKYSC ACADEMY. THE BKYSC ACADEMY IS A YEAR-ROUND AFTER-SCHOOL PROGRAM DESIGNED TO MEET THE ACADEMIC NEEDS OF EACH INDIVIDUAL PARTICIPANT BY OFFERING A WIDE SPECTRUM OF ACADEMIC SUPPORT IN AREAS INCLUDING LITERACY DEVELOPMENT, HOMEWORK HELP, INDIVIDUAL AND GROUP TUTORING, SAT/ACT PREPARATION, AND REGENTS PREPARATION.

    Expenses $540,485 · Grants $527 · Revenue $15,424

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Raina Bretan

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Benjamin Ezra

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Nicky Easley

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

  • Rachel Hammer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Brad Tobin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Bradford Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Gerald Castaldo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jake Nidenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jeff Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jelani Roy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jordan Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Kevin Rivera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Matthew Monness

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Niles Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Victoria Fleisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Lyle Friess

    EXECUTIVE DIRECTOR

    Total calculated
    $72,000
    From this org
    $72,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • Harris Friess

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    60

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543159349305064

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